Trexquant Investment LP Invests $356,000 in West Bancorporation, Inc. (NASDAQ:WTBA)

Trexquant Investment LP purchased a new position in shares of West Bancorporation, Inc. (NASDAQ:WTBA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,444 shares of the financial services provider's stock, valued at approximately $356,000. Trexquant Investment LP owned 0.10% of West Bancorporation at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in WTBA. Barclays PLC grew its position in West Bancorporation by 291.2% in the 3rd quarter. Barclays PLC now owns 20,977 shares of the financial services provider's stock worth $398,000 after purchasing an additional 15,615 shares during the last quarter. Proficio Capital Partners LLC bought a new position in West Bancorporation in the 4th quarter worth approximately $785,000. JPMorgan Chase & Co. grew its holdings in West Bancorporation by 267.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 25,946 shares of the financial services provider's stock worth $493,000 after buying an additional 18,885 shares in the last quarter. Geode Capital Management LLC increased its position in West Bancorporation by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 356,288 shares of the financial services provider's stock valued at $6,775,000 after acquiring an additional 7,320 shares during the period. Finally, State Street Corp raised its stake in West Bancorporation by 1.9% during the 3rd quarter. State Street Corp now owns 372,033 shares of the financial services provider's stock valued at $7,072,000 after acquiring an additional 6,809 shares in the last quarter. Institutional investors own 44.30% of the company's stock.

West Bancorporation Price Performance

Shares of WTBA stock traded up $0.36 during mid-day trading on Friday, hitting $19.04. 23,395 shares of the stock traded hands, compared to its average volume of 28,232. West Bancorporation, Inc. has a twelve month low of $16.11 and a twelve month high of $24.85. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.95 and a current ratio of 0.95. The company's 50-day simple moving average is $20.46 and its 200-day simple moving average is $21.43. The firm has a market cap of $320.50 million, a price-to-earnings ratio of 13.31 and a beta of 0.91.

West Bancorporation (NASDAQ:WTBA - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.02. West Bancorporation had a return on equity of 10.56% and a net margin of 12.12%. During the same quarter in the previous year, the company earned $0.27 earnings per share. As a group, equities research analysts expect that West Bancorporation, Inc. will post 1.65 earnings per share for the current year.

West Bancorporation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.25%. West Bancorporation's payout ratio is currently 69.93%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. StockNews.com raised West Bancorporation from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. Piper Sandler decreased their price objective on shares of West Bancorporation from $25.00 to $23.00 and set a "neutral" rating for the company in a report on Monday, January 27th.

About West Bancorporation

West Bancorporation, Inc operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States. It offers deposit services, including checking, savings, and money market accounts, as well as time certificates of deposit.